Shareholders are crucial when it comes to your business ownership. If the worst should happen and either you or your fellow shareholders were unable to work due to illness or injury, major trauma, permanent disability or death, your business ownership could be severely impacted
Putting in place protection for shareholders, combined with a robust succession agreement, may help your business avoid or minimise the impact. We can help to identify the appropriate cover for you and your fellow business partners so you don’t have to worry about what would happen. We can work alongside your accountant and lawyer to ensure agreements are drawn up correctly too
Benefits of Shareholder Protection:
The remaining owners wont have to borrow to raise funds to buy out the interest of the co-owner who has left the business.
The remaining owners wont be forced into business with the spouse or dependents of the co-owner if they die.
You wont have to be forced to sell the business to raise enough money to pay out a deceased owner’s estate.
Not quite sure where to start?
Talking through your options is the best way to ensure you get the right cover.